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Be Wise With Money
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Think More Money Means Less Worry? Think Again!
May 24, 2016
If you think your next pay raise, bonus or tax refund is all you need to be worry-free, you're setting yourself up for a letdown.
That's one of the lessons learned from a study conducted by Boston College researchers who asked 165 super-rich people with assets of $25 million or more about their lives.
With that much money, you'd expect them to be happy, right?
Most of the super-rich individuals surveyed were discontent. They worried about how their money affected their work, their families and their relationships. They even worried that they didn't have enough.
Most felt financially insecure and said they would need 25% more to feel secure – despite the fact that their households averaged $78 million in assets, with a couple of families reporting net worth in excess of $1 billion.
Being wise with money & living generously: Growing a new money mindset
So if more, more, more isn't the answer to financial security, what is? A new money mindset.
"Our mindset, not our income, determines whether we have enough – for ourselves and to share," says Hewitt, CEO of Thrivent Financial. "Money isn't a goal, it's a tool to help us enjoy lives of both success and significance."
Although it can be tempting to think generosity follows financial security, many people with modest incomes enjoy the peace and satisfaction that comes from living with a "surplus mindset."
A surplus mindset means deciding you have both enough for yourself and to share with others. It's a way of life that aligns actions with values and puts both saving and sharing front and center. It's a conscious choice to act differently about everything from what you own to how you spend your time.
So if you're longing for a more fulfilling life, take the free online New Money Mindset Assessment today. You'll not only learn about your own money mindset, you'll get practical tips for creating a healthy relationship with money. (Hint: It starts with your heart.)
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